Market participants:

Recently, China Securities Regulatory Commission issued the revised Special Provisions on Shareholding Reduction of Venture Capital Funds of Listed Companies (CSRC Announcement [2020] 17). In order to further strengthen the support for venture capital funds, according to these Provisions and relevant laws and regulations, the Exchange revised the Detailed Rules for the Implementation of the Reduction of Shares of Venture Capital Funds of Listed Companies of Shenzhen Stock Exchange, which was approved by the China Securities Regulatory Commission and is hereby promulgated and shall come into force on March 3, 20201day. The Detailed Rules for the Reduction of Shares of Venture Capital Funds of Listed Companies in Shenzhen Stock Exchange (SZS [2065438+08] No.94) issued by this Exchange on March 2, 20 18 shall be abolished at the same time as of March 3, 2020.

Hereby inform you

Attachment: Detailed Rules for the Implementation of the Reduction of Shares of Venture Capital Funds of Listed Companies in Shenzhen Stock Exchange (revised in 2020)

Shenzhen Stock Exchange

March 6(th), 2020